While celebrating the “great success” of Netflix‘s House Of Cards, CEO Reed Hastings announced today that the company’s Arrested Development series will likely only run one season. “We don’t anticipate being able to do season five, six and seven”, Hastings said at the Morgan Stanley Technology, Media and Telecommunications Conference, “and we have less of a stake in it. So it’s really a fantastic one-off which is coming together incredibly.” The Netflix chief today lauded upcoming original programs including Eli Roth’s Hemlock Grove and season two of Lilyhammer and teased the company’s long-term strategies. As for Arrested Development, he said, “think of it as a non-repeatable amazing [sic] whereas the other things that we’re doing [are] trying to figure out a real mechanism where we can build shows and develop franchises over the long term”. The show is set to debut 14 new episodes via Netflix in May.

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